STRAX Pressing Into Key Decision Area
STRAX on 4H shows prolonged weakness with consistent LH and LL, though recent candles suggest compression near local highs of the bounce. Price is still positioned under the higher EMA, keeping the broader structure cautious.
The current zone acts as a key decision point. Momentum is improving on MACD, but volume expansion remains moderate. If price holds above this short-term base and breaks the recent lower high, continuation could build. If sellers defend this area, downside pressure may resume.